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Struck Items per 3/29/2010 Meeting The intent of the points system is not that it would make the decision for the City Council,but rather that it would focus discussion on the most salient points of the project under consideration. Any large project is inherently complex and it is important to avoid prematurely debating its finer points. It has been suggested that an objective rather than subjective point system be developed, however given the complexity of redevelopment projects and the mix of short-and long-term costs and benefits involved,the Committee could come up with no strictly objective measure. That said, where possible we strongly encourage objective measure wherever feasible. We also recommend that specific minimum requirements be laid out, including enumerating any specific types of projects that are not considered appropriate for TIF because by their nature such projects do not provide the necessary long-term benefits. Scoring would be done by the City Council or its designated representatives. We commend that the following points,taken from our research, be held in mind throughout this process: 1. The "but for"tests are only the minimum requirements for qualifying for TIF;prudent communities set more stringent requirements. 2. TIF is there to solve community problems. 3. Use TIF only when truly necessary; it was never designed to be an alternate financing method for private developers. • Long-term TIF Selection Criteria Below is a draft of what selection criteria might Iook like. This is for discussion purposes only. The goal would be to modify the percentages and the specific criteria and have the City Council eventually, debate, vote and approve the Criteria. Once this is done the Economic Development Committee (EDC), with any assistance needed from FPAC, should develop a detailed scoring process and methodology. Minimum requirements to use TIF • The long-term viability of the development partner has been reviewed and the City has determined that the partner has the financial stability and track record to drive the full benefit of the project over the life of the project *The objective of the project produces long-term expected benefit that exceeds the length of the TIF and is at least 15 years in duration. Projects Speefflealb, notAuthorized for TIF Selection Criteria (in rank priority order within each section) Community Goals 60% Page 4 of 6